Let's talk about the most challenging issue TransferWise is facing - churn. Basically the customers don't stick. They make 1-2 transactions and either move to other platforms or stop sending money. It's not a recurring business model per se.
I tried using Transferwise but it was demanding I prove myself a registered company, so I can't see me using it for a few more decades/never.
Heck I'm commenting before reading the article, I should go read it first...OK, slideshow..
Yeah, they seem to pitch it as a Paypal type thing that anyone can use, but I hit a brick wall when it came to accepting payments. Perhaps I should try again or something but I do recall last time it was asking for business registration numbers etc.
If I can use it then I'd happily do so, as Paypal rob me blind accepting money (fee) and then transferring to Malaysian ringgit (fee).